The money issue

MONEY makes the world go round. Love of money is the root of all evil.

- DARREN SMITH

We all know what money is – or do we really?

How much are we actually taught in school about banking, currency, credit and the entire financial system?

The answer is actually very little – even in terms of personal finances, saving and investing for ourselves somehow requires specialist knowledge, while governments rack up huge debts that rise every year.

The reason for this is very simple, and famous industrialist Henry Ford summed it up best when he said: “It is well enough that people do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

While we are not seeking to cause a revolution in the broad sense of the word, a revolution in your approach to finances, banking and borrowing may well see your world improve significantly in the coming months and years, and therefore the world of the people around you.

Here's another quote by a famous banker that is not well-known, and for a reason: “Gold is money, everything else is credit” – J.P. Morgan

So what are the pounds, dollars or euros in your wallet or electronic device really?